CNBC
Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber.
An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. Faber said Musk handpicked the investors. Commitments range from $1 billion from Oracle co-founder Larry Ellison to $5 million from Honeycomb Asset Management, which invested in SpaceX. Faber added that Twitter co-founder Jack Dorsey may back it, and Musk is talking to him about the possibility of contributing shares immediately or before the closing of the merger.
Twitter CEO Parag Agrawal has only led the company for a few months, after assuming the helm from Dorsey last November. Until now, there hadn’t been much discussion about whether Musk’s takeover of the company would lead to a leadership shake-up. Last month, Reuters reported Musk had lined up a new CEO for Twitter, citing a source familiar with the matter.
Agrawal told employees during a company wide town hall meeting last month that the future of Twitter is uncertain under Musk, according to a separate Reuters report.
“Once the deal closes, we don’t know which direction the platform will go,” Agrawal reportedly said when asked whether the company may allow former U.S. President Donald Trump to return to the platform when Musk takes over. Trump was permanently suspended from Twitter last year. more
Step #1: Immediately fire everybody.
Step #2: Replace them all with actual programmers, engineers, and marketing people, not communist anti-free speech SJW lunatics.
Step #3: Profit. (And yes, it’s a South Park joke.)
…and here I thought I was somebody the first time I bought a new car…
Texas: Make Room for Daddy Musk!
He’ll have to bring in new people to unravel the company’s tangled, heuristic, AI-driven, censorship filter algorithms.